PJT Partners (US:PJT) ZACKSยท2024-08-01 17:00Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: PJT Partners - PJT Partners currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - PJT shares have increased by 7.66% over the past week, outperforming the Zacks Financial - Miscellaneous Services industry, which rose by 1.45% [5] - Over the past month, PJT's stock price has changed by 21.1%, significantly higher than the industry's 2.94% [5] - In the last quarter, PJT shares have risen by 33.82%, and over the past year, they have gained 64.33%, while the S&P 500 has only increased by 10.01% and 21.8%, respectively [6] Trading Volume - PJT's average 20-day trading volume is 225,152 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for PJT has increased, while none have decreased, raising the consensus estimate from $4.00 to $4.35 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Given the positive performance metrics and earnings outlook, PJT Partners is positioned as a strong momentum pick with a 2 (Buy) rating and a Momentum Score of B [9]